Exchange operator Nasdaq said Tuesday it will open a regional headquarters in Texas to deepen its presence in the state that has been born as a major financial hub comparable to New York.
Elon Musk-led Tesla and SpaceX, as well as Tech Giants Oracle and Hewlett Packard Enterprise, all moved to the lonely Session, attracted by a lucrative tax environment, reduced living costs and reduced energy costs.
For NASDAQ, the move could also help with better competition with the New York Stock Exchange, which promised to launch an exchange in the state last month.
A spokesman for TXSE, a spokesman for the parent company of the Texas Stock Exchange, said:
NASDAQ did not specify employment plans for the new Dallas headquarters.
However, we pledged additional investments to support “a wide range of clients in the region.”
Exchange operators list more than 200 Texas-based companies, with market capitalization of $1.98 trillion as of December.
The state is also Explain the maximum number of the NYSE list.
Texas scaffolding could enhance the reach of exchanges between the state's major industries, including energy and manufacturing, during periods of businesses staying private longer.
